The Daily Dot acquires The Kernel
Wednesday 29 January 2014
Just over six months after it was resurrected by German investors, online technology magazine The Kernel could be set to disappear once again after being swallowed up by a US rival.
The London-based site’s controversial founder Milo Yiannopoulos is selling The Kernel to Texas-based start-up The Daily Dot for an undisclosed sum, while also departing.
The Kernel was launched in November 2011 by former Telegraph technology writer Yiannopoulos with the intention of "fix[ing] European technology journalism", but was shut down after the company was unable to pay wages.
It re-launched in August, backed by German investors, after Yiannopoulos personally settled debts of £24,000. Since its re-launch the publication has had its stories picked up by the likes of BBC News and the Mail on Sunday, notably an investigation into the sales of rape and monster pornography ebooks on Amazon.
But the site had no revenue and Yiannopoulos approached The Daily Dot after exploring the options of raising money from German and Swiss media houses.
As part of the deal The Kernel’s small team of full-time writers will join The Daily Dot and The Kernel brand will likely disappear.
A spokesperson for The Daily Dot said details of how the publications will be merged “yet to be determined” but added: “The acquisition marks a pivotal step in further developing an international audience, firmly establishing The Daily Dot’s presence in the UK.”
The Daily Dot, based in Austin, Texas, was launched in 2011 to cover the culture of the internet and has a 25 strong editorial team. The merger with The Kernel is the site's first foray overseas.
Yiannopoulos said of the sale: “I have a dangerously short attention span. That’s not to say I was bored of The Kernel - far from it - but I only really enjoy launching and leading things.”
- 1 What happens to your body when you give up sugar?
- 2 Have sex with your iPad thanks to the new sex toy no-one asked for
- 3 Bali nine: Welcome to 'Execution Island' – the Indonesian holiday resort where foreigners are sent to die
- 4 The 'sex selfie stick' lets you FaceTime the inside of a vagina
- 5 Why you're almost certainly more like your father than your mother
Mark Zuckerberg: Facebook CEO's one simple test for who to hire
Bali nine: Welcome to 'Execution Island' – the Indonesian holiday resort where foreigners are sent to die
'A girl is more responsible for rape than a boy': The statement that shocked the world... except India
The 'sex selfie stick' lets you FaceTime the inside of a vagina
Saudi Arabia executions now at 'unprecedented rate' after kingdom kills four more in two days
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
iJobs Money & Business
£8 per hour: Recruitment Genius: This Pension Specialist was established early...
£30 - 35k + Bonus & Benefits: Guru Careers: We are seeking an Executive Assist...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...